Calculate a sales budget for cathys cookies

Assignment Help Managerial Accounting

Reference no: EM133342264

Case: Cathy's Cookies produces cookies for resale at local grocery stores. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends on December 31. Prior year quarterly sales were as follows (1 unit = 1 batch):

First quarter: 8,000 units
Second quarter: 9,600 units
Third quarter: 12,000 units
Fourth quarter: 10,400 units

Unit sales are expected to increase 20%, and each unit is expected to sell for $5. Management prefers to maintain an ending finished goods inventory equal to 15% of next quarter's sales. Assume finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units.

Question 1: calculate a sales budget for Cathy's Cookies.

Question 2: Calculate a production budget for Cathy's Cookies.

Question 3: What can you interpret about Cathy's Cookies Sales Budget? Trends?

Reference no: EM133342264

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